International leasing company Avolon has signed a Memorandum of Understanding (MoU) to buy 20 A330neo aircraft.
Including owned, managed and committed aircraft, Avolon currently has a total fleet of 616 Airbus aircraft. This includes 55 A330neos as well as 208 A320ceo, 285 A320neo, 51 A330ceo and 17 A350s).
Andy Cronin, Avolon CEO, said: “We have been a strong supporter of the A330neo programme since its launch and with our existing widebody orderbook fully placed we are now locking in future growth in a supply constrained environment. Our expanded delivery pipeline allows us to offer our customers the A330neo’s range and reduced emissions to support their evolving fleet needs.”
“It’s fantastic to see Avolon once again commit additional investment in the A330neo aircraft and lead the lessor market reordering widebody aircraft. Avolon’s vision and timing could not be better with this commitment for a further 20 aircraft to its portfolio. Avolon will benefit from the strong wave of growth and replacements that we currently observe across all markets,” said Christian Scherer, Chief Commercial Officer and Head of International at Airbus.
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